Securing the future for our students and faculty
Endowment gifts provide an ongoing source of income for Lynn University. They function in perpetuity, providing financial stability over the long term. The principal amount is never spent. Instead, it is invested to produce interest that generates ongoing income to sustain the university over time. An endowment serves as a permanently named tribute for the donor or one who is honored. It also provides for future generations, continues the tradition of helping those in need, and perpetuates a donor’s enduring vision. A restricted endowment may only be used for the purpose that is directed by the donor.
The university seeks gifts for endowments to secure faculty positions, endow the conservatory and provide accessibility through scholarships to students.
Ensuring Accessibility for Our Students
Priority Two of Lynn 2020, the university’s strategic plan, calls for an increasing role of philanthropy to support endowed scholarships for our students. An endowed scholarship (established through a gift of $50,000 or more) provides the funds in perpetuity to award scholarships annuallyto one or more students in good standing with financial need and the motivation to be successful at Lynn University. Endowed scholarships may be directed to students in a specific college.
Securing the Future for Our Deans and Faculty
Priority 5.4 of Lynn 2020, the university’s strategic plan, includes a focus on endowments for deans and faculty. Funding at the $3 million level is sought for deans of all the colleges as well as for the Institute for Achievement and Learning. Endowed faculty positions, funded at $1.5 million each, provide the resources for the university to attract and retain the highest quality faculty for all areas of the university.
For more information on establishing an endowment benefiting students, deans or faculty, please contact Greg Malfitano, Senior Vice President for Development and Administration, at 561-237-7277.